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I didn't reach that point overnight, unlike the stranded passengers.
by PenguinCoder 7y ago
I didn't reach that point overnight, unlike the stranded passengers.
- EpicEng 7y agoThink it through; there is a constant stream of vacationers, all booked in advance. How long do you continue to operate while not taking new bookings? You're losing money every day and you literally cannot fly planes around without cash. Also, the UK handles bankruptcy very differently than does the US. You can't just continue to operate for months/years. This is why they paid into the fund which was created to insure against this exact issue for decades.
- chrisseaton 7y agoIt literally does reach that point overnight - they’re told they’re bankrupt and that’s it the operation shuts down. If they said they thought they might go bankrupt so weren’t going to fly more passengers out then that would cause the bankruptcy immediately, so wouldn’t put anyone in a better position. There is no wind-down time with this process, they’re just done.